Breadth Ratio

📊 Breadth Ratio (NYSE & NASDAQ)

Breadth Ratio is a market internals indicator that displays real-time Up Volume vs Down Volume ratios for both the NYSE and NASDAQ, helping traders quickly gauge institutional participation and overall market strength.

Instead of plotting noisy lines, this indicator presents the data in a clear, color-coded table, making it ideal for intraday and swing traders who want instant context without cluttering their chart.

🔍 How It Works

Uses official Up Volume (UVOL) and Down Volume (DVOL) data

Calculates a signed ratio:

Positive values = bullish volume dominance

Negative values = bearish volume dominance

Displays NYSE and NASDAQ breadth side-by-side

Automatically updates on the last bar only for optimal performance

🟢 Color Logic

Green background → Bullish volume pressure (Up Volume > Down Volume)

Red background → Bearish volume pressure (Down Volume > Up Volume)

💡 How to Use It

Trend confirmation – Strong ratios support price direction

Reversal warnings – Weak or diverging breadth can precede turns

Risk management – Avoid longs when breadth is strongly negative (and vice versa)

Market context – Excellent companion to price action, VWAP, and index futures

⚙️ Features

✔ NYSE & NASDAQ volume breadth
✔ Clean table-based display
✔ No chart clutter
✔ Works on all timeframes
✔ Ideal for futures, indices, and ETFs

⚠️ Disclaimer

This indicator is for educational and informational purposes only. It should be used as confluence, not as a standalone trading signal.